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tv   Venture Capital  RT  August 11, 2013 12:29am-12:45am EDT

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you know that hundred sixty six remaining we've got a living year to find any shred of evidence to charge try and convict them and we've not been able to do that nor we've been able to falsify the evidence i would think of america being the great nation that it is having the wonderful legal system that it does can extend the courtesy of sending people home after ten years living years twelve years captivity. maybe we need to have a good look in the mirror take a look at ourselves. one ton of officials claim the number of hunger strikers dropped by more than hoffa during the holy muslim month of ramadan however the detainees lawyers said the fact that their clients were to celebrate their religious holiday didn't mean the protest in. that sense of desperation that's going on in guantanamo bay has an abated in any way shape or form i find it kind of odd that we score how one ton of obey is doing by the number of prisoners willing
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to starve themselves to death let us first look at the fact that only twenty men of the hundred sixty six that remain will ever be charged with a crime according to the united states government the sense of desperation is overwhelming as far as ramadan goes the men were given a choice and that choice was you can spend your religious holiday by yourself without any of your personal effects or hygiene items such as soap in water or in towels and things of that nature or you can break the hunger strike and spend it in a communal setting with the rest of your brothers the way ramadan is supposed to be spent so i think after ramadan you may see a resumption of the hunger strike. back with more news in about half an hour's time but coming up they are not a global markets and world finance is in the brand new. and you capital.
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what defines a country's success. faceless figures of economic growth. or a factual standard of living. well if you're going to like. the face of your life you know the.
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pleasure to have you with us here on our t.v. today i roll researcher. l.a. that welcomes event to capital with me casey pilbeam this week we're going to be talking about bankers the salaries all they still to live a good exclusive interview coming up on that one also the world's highest paid female athlete find out who they all started school see with kate politics all the sports presenter coming in to talk to me about football and face ness as well as outgoing corporate news and checking in the market stats with our in-house trade a hair i'll say that it's old to convalesce gets. stay with us yes because the official figure of sixteen trillion dollars seemed warningly high but according to
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a study by the university of california america's debt is actually four times higher at seventy trillion dollars so how much does that sum equate so let's compare it to the world's most valuable company apple save a guy that now as you can see this official figure equates to foresee apple empire as bar professor how much and start is found that the u.s. has over seventy trillion dollars of unaccounted for debts which would make up a total of one hundred sixty five apples but it turns out that even seventy trillion may be an understatement a former economic adviser for president ronald reagan professor courtly cough says it could be as much as two hundred and eleven trillion or five hundred times the world's most valuable company i asked author street smarts jim rogers if he was surprised by the findings and how much longer such extraordinary debt levels can be sustained at the two or three or five books or three one three mark
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about that yes situation is us. there is really trillion and if you get out the people who don't there are thirty to one hundred trillion dollars really there is no way that america can ever say this is going to affect the market anytime soon but eventually when we start having problems in the financial markets everybody is going to be overthrown and they're going to know that americans are going to and it's going to produce more turmoil in the financial markets credit markets. the currency markets are going to affect all of us in a huge way and moving on to bankers salaries the latest data from the european banking authority is likely to insinuate the average citizen struggling to make ends meet. in these times of tough budget cuts the fakers reveal that the bank is
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at the ferry heart of the crisis three thousand of them are taking home more than one million years a year in pay and bonuses but most of that cash is being dissed out in london's financial center accounting for three quarters of the seven figure salaries in the e.u. eight germany came in second with one hundred seventy bankers receiving one million years or more and france came in third with one hundred sixty take so as you can see there's a huge difference between london and the rest of the e.u. so the question really is all of these salaries it's justified patrick young right here from t.v. advisers to give me the lowdown on this particular start right there right there if i may great to have you with us are they justified these huge fact salaries what do you reckon well one way yes they're justified before everybody switches off and fury let me make that rather clear as to why i'm saying so the whole point of boyd bankers salaries are that they're generally paid in investment banks in relation to
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high much money they mean it therefore if they make more money they get a higher salary that's probably not an unreasonable principle by which to govern these things however the problem actually lies behind the scenes of what's going on here the reason at the moment despite the economic travails for the rest of europe that these bankers can make so much money is because of the shambolic farce which has been government reaction to the crisis of two thousand and seven two thousand and eight first of all we had the whole situation where governments refused to let banks go bankrupt that was ridiculous all of a sudden banks became part of the government for a moment affectively second of all with a situation where the central bankers many of them former bankers themselves such as the recent arrival mr carney as the head of the bank of england these people the central bankers have simply gone on for the last five years with a frankly in same policy of. handing over money they call it quantitative easing they give away are sets free money free to the banks and they say they're going to
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help yourselves use this money in order to manage to rebuild your balance sheets so the result is they don't lend to ordinary people they don't lend to entrepreneurs instead they take something they've been given for free they make a lot of money out of it but of course because of the rationale of bankers' bonuses because they're making a lot of money they get large bonuses what about the bonus cap then do you think that's going to work at all that's going to be introduced in london is that the answer. oh look i mean this is just an absolutely farcical example of regulators trying to do something to justify their political masters who have already managed to mess the whole thing up no they won't work we don't have bonus caps on footballers yet they get one hundred thousand euro is a week for kicking an inflated pig's bladder around the lawn why not because it's capitalism people should be allowed to earn what ultimately they can manage to make a profit that's a very reasonable and sensible assertion by which they could all end up paying more tax evasion and ultimately then helping government no doubt simply will not work
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all they will do is drive business out of the e.u. they'll go to somewhere like moscow where they get a very enlightened tax regime and a growing financial center patrick young from d.v. advises thank you very much indeed for your time today very much appreciated. russia's controversial economic amnesty law has been back in focus this week the bill means a formal oil tycoon mikhail khodorkovsky and his business partner platter on the better of our serving and nine years sentence for fraud and tax evasion charges and will now be released from prison two months early some of the economic crimes that qualify for amnesty include business fraud money laundering and tax evasion this new law has been embraced by the business community seen as a step towards making russia more investor friendly. an outside for some corporate news the owner of russia's biggest our minion producer resell that a pastor is closing factories across russia i'm
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a ask the government for another bailout. so you provide a megaphone buys for the operators sculls hell for one point two billion dollars. this week russia's biggest carrier air flight to made the top five list of leading airlines in europe by revenue and now it's time to check in our markets desk going to find out what's been happening to the russian markets was it move it in this way we got a ferry. thomas i'm afraid generous that we should only give you ten thousand us dollars today trading with an amateur but this is serious business well the banality tell us a lot about it how it has experienced well there's good news and bad news as you mentioned i am an amateur so i kind of whether about this from a news approach or a commonsense approach and i figure what do people need what do the like it need in this world of metal that's one thing that makes everything go around from aluminum
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cans to parts for computers so i kind of took a dive because i went to the roof saw the world's largest aluminum company and you talked about a little bit there before and it tanked down seventy percent so not very good at all but i'm holding faith because the metals are rallying in fact i was out in vladivostok this week and talked about looking to the east for the direction of the market china a big buyer of metals and their production is up so i'm looking to metals i am going to have some faith in here but there was also some good news because i looked at the grid companies everybody means power right i mean in fact our television station wouldn't run without electricity i looked at the grid companies there are quite a bit or at least doing ok so i took a bath with metals i did ok with some of the great companies this week ok good stuff said mixed bag next week he doesn't have the excuse of being
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a beginner i know one of the best how would i know what i thought feel slave what he got plans what he could be tackling right indeed ok again from a common sense approach i was looking at the banks and the central bank basically not changing the lending rate so i'm thinking the financials might be one way to look at that and whatever the financials are study that means oil is going to do well at least in my mind so i'm going to be looking at some well and then also cell phones right you have one i have one we all have one people you just live off of these things and so. on the news about murder for purchasing scarves are expecting there to do good things i'm going to go for some so for action for the coming week you do that soon thomas thank you very much indeed for that and check in next week we want results for the purposes of arrived racial intolerance just that ok moving on forbes has been a dresses tennis superstar maria sharapova the highest paid female athlete for the . million dollar contracts with nike racquet brand head and her own brand of
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sweep up of a has made a staggering twenty nine million dollars last year despite being the world's number one tennis player serino williams of the usa came in second in the cash stakes with a core twenty point five million dollars and fell a tennis players made up third and fourth place with china's lead now with an eighteen point two million dollars pay our victoria as a ring of batteries with fifteen point seven million dollars the fifth place that went to a female that racing a champion danica patrick just gorgeous women girl power like it now moving on saying oh it's the billionaire owner of russia's most expensive football club is trying to slash the budget by two thirds mr solomon of russia's nineteen richest man with the thought of seven billion dollars is planning to sell some of the world's top players to achieve his goal and as you can see the stars they do
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not come cheap and this is a change of tactics for mr karimov who splashed out more than one hundred eighty million dollars last season one of the reasons for his belt tightening could be down to the fact that his potash empire euro calley recently took a battering on the stock market dropping twenty percent after the collapse of the world's biggest cartel fell through it so for more on what's behind these cuts the . occasions on the sporty side of the fairy lady just pick a party it's all schools highways tell me what make these cuts. and i think well first of all gone are the days when angie hit the headlines by signing big name players like samuel eto and villian that seems to be all over and it's not just no longer big signings it's also means wage cuts so all these big owners will be going . reported ten to twenty million dollars a year and it's not just the big nine foreigners that we're going as well it's also russians the russian football system means there's
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a quota and you have to have four russians on the pitch at any one time this is pushes up the prices of the russians and their wages so they've got to go to sites three internationals they've already left angie so if you don't have established players where do you get to take them from so the emphasis now is going to be on u.s. investment use development as part of the energy project mr karimov said we're going to put money in local plays in local dentist and players and encourage them and they could also be returning to dagestan because currently all angie's players live and work can train in moscow and fly to some eight hundred miles away for the how much is this looks like that could be at an end as everybody goes local or just i mean on the next as i say that just looking at the league table and the stats the goals and all of that even with all these millions they haven't done. well have they well that's only really so far this season when the announcement came in four games ago and so far two defeats two draws two points from a possible twelve points adrift from the top already fourth bottom.

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